The USSecurities and Exchange Commission Has Designated Just Nine Credit-Rating Agencies

Multiple Choice

The U.S.Securities and Exchange Commission has designated just nine credit-rating agencies as "nationally recognized statistical rating organizations" (NRSROs) ,which include Moody's,Standard & Poor's,and Fitch Ratings.These agencies provide opinions on the creditworthiness of other entities and the financial obligations issued by them.Because so few companies can compete in it,the credit-rating industry would be considered a(n)

A) mega monopoly.
B) oligopoly.
C) pure competition.
D) monopolistic competition.
E) monopoly,